DGFT
DGFT-Public Notice No. 21/2025-26 dated 03.09.2025
DGFT issued Public Notice No. 21/2025-26 dated 03.09.2025 for Fixation of one new Standard Input Output Norm (SION) at SION No. A-3695 under ‘Chemical and Allied Product’ (Product Code ‘A’)
DGFT – Policy Circular No. 04/2025-26 dated 03.09.2025
DGFT issued Policy Circular no. 04/2024-25 dated 03.09.2025 to bring Clarification regarding applicability of Minimum Import Price (MIP) on Virgin Multilayer Paper Board (VPB) imposed vide Notification No. 26/2025-26 dated 22.08.2025
Indian exporters lobby RBI for weaker rupee to offset US tariffs
Indian exporters said they will lobby the central bank to allow them to temporarily convert proceeds from their US business at a rupee rate that’s 15% lower than current levels, to help cushion the blow from President Donald Trump’s punitive tariffs.
GST
The Goods and Services Tax (GST) Council has brought good news for all insurance consumers. GST rates for insurance have been reduced from 18% to nil, bringing relief to policyholders. This has led some consumers to consider delaying premium payments.
Why India’s GST began with so many slabs and why it’s being simplified now
The government has finally unveiled a reformed taxation structure for the country. On September 3, the Goods and Services Tax (GST) Council announced comprehensive rejigging of the GST structure, aimed to boost consumption and provide relief to the Indian consumers and businesses.
Industry will pass on GST benefits to consumers, says Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal on Thursday said that the industry has given the commitment to pass on the benefits of GST rate reductions to consumers.
GST Council defers rollout of 40% tax on tobacco and pan masala
The Goods and Services Tax (GST) Council has made it clear that tobacco and related products will be the only category to migrate to the new GST 2.0 framework at a later stage, even as the rest of the tax overhaul goes live from September 22, 2025.
Income tax
Notification no. 142/2025 dated 02.09.2025- Income tax
CBDT issued notification no. 142/2025 dated 02.09.2025 to provide exemption u/s 10 (46A)(b) of the Income tax Act, 1961 to the “Lucknow Development Authority” , an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President Act 11 of 1973), for the purposes of the said clause.
Notification no. 143/2025 dated 02.09.2025- Income tax
CBDT issued notification no. 143/2025 dated 02.09.2025 to provide exemption u/s 10(46) to ‘The Commissioners for the Rabindra Setu’ Kolkata, a body established under the Howrah Bridge (Amendment) Act, 1965 (West Bengal Act XII of 1965), in respect of the following specified income arising to that body, namely:
Notification no. 144/2025 dated 02.09.2025- Income tax
CBDT issued notification no. 144/2025 dated 02.09.2025 to provide exemption u/s 10(46) of Income tax Act, 1961 to ‘Maharashtra State Pharmacy Council’, a body constituted by the Government of Maharashtra, in respect of the following specified income arising to that Council, namely:-
Notification no. 145/2025 dated 02.09.2025- Income tax
CBDT issued notification no. 145/2025 dated 02.09.2025 to provide exemption u/s 10(46) of the Income tax Act, 1961 to ‘Central Board of Secondary Education’, Delhi , a Board constituted by the Central Government, in respect of the following specified income arising to that Board, namely:
Circular No. 11/2025 dated 02.09.2025
Central Board of Direct Taxes (CBDT) issued Circular No. 10/2025 dated 28.07.2025 regarding Modification to Circular no. 9 of 2022 (F. No.370142/2/2022-TPL dated 09.05.2022 of CBDT.
Application for condonation of delay u/s 12A in filing of Form 10A
Application for condonation of delay u/s 12A in filing of Form 10A has been enabled at the e-filing portal. To raise condonation request
Extend income tax audit deadline due to ITR portal glitch, enhanced reporting needs: BCAS
BCAS has requested an extension of the income tax audit deadline, ITR deadline for tax audit cases and the Transfer Pricing (Form 3CEB) cases due to glitches and technical issues on the e-filing ITR portal and other platforms.
ONGC GM duped of Rs. 7.4 cr in online investment fraud; 1 held from Delhi
A 32-year-old man was arrested for allegedly duping a general manager at ONGC in Dehradun, of Rs. 7.4 crore in an online investment scam between July 22 and Aug 20, police said on Tuesday.
Book: Income Tax Act 2025 with E-Book
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